Comment on the following: Assignment is a term associated with loan against life insurance policy.
CS Professional · Banking - Law and Practice · PYQS · December 2016
Comment on the following: Assignment is a term associated with loan against life insurance policy.
Answer & Explanation:
This statement is true . A borrower may assign any of the following items to secure a loan viz., (i) book debts (ii) life insurance policies (iii) money due from Government department.
Topics: Banking Concepts
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